Academy Sports and Outdoors, Inc. $ASO Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,608 shares of the company’s stock after acquiring an additional 1,155 shares during the period. State of Alaska Department of Revenue owned 0.06% of Academy Sports and Outdoors worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP lifted its holdings in shares of Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the period. TD Private Client Wealth LLC grew its position in shares of Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after buying an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth approximately $64,000. Nisa Investment Advisors LLC boosted its holdings in Academy Sports and Outdoors by 25.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after purchasing an additional 293 shares during the period. Finally, US Bancorp DE boosted its holdings in Academy Sports and Outdoors by 280.0% in the first quarter. US Bancorp DE now owns 1,657 shares of the company’s stock worth $76,000 after purchasing an additional 1,221 shares during the period.

Academy Sports and Outdoors Stock Up 1.7%

ASO opened at $53.85 on Friday. The firm has a market cap of $3.59 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The business has a 50 day moving average price of $50.94 and a 200 day moving average price of $46.38. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $61.25.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio is currently 9.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Academy Sports and Outdoors in a research note on Saturday, September 27th. Citigroup cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Cowen restated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. UBS Group reiterated a “neutral” rating and issued a $52.00 price target on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Finally, Bank of America dropped their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. Nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $58.11.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.